LONDON—Capital Communications MS&L has been appointed by the London Stock Exchange to assist with the launch of the Exchange’s new covered warrant market, and as communications adviser to the Regulatory News Service, the market leader in providing effective corporate and investor communications and regulatory disclosure in the U.K.
According to Chris Broad, head of broker services at the London Stock Exchange, “Capital Communications MS&L has been appointed by the London Stock Exchange to assist with the launch of what can, on first appearances, be seen as a very complex financial instrument—covered warrants. Not only will they focus on maximising awareness of the launch itself, but also assisting with the education of intermediaries such as the financial media.”
Already popular in Europe, covered warrants are issued by financial institutions and give the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price during, or at the end of, a specified time period.
Capital will also assist RNS with the launch of a range of new services to enhance its market-leading regulatory news distribution service.
Says Simon Wilkinson, head of RNS, “The effective distribution of information is increasingly being seen by companies as an essential part of their investor relations program, rather than a regulatory obligation. RNS has chosen to work with Capital to ensure that it remains at the forefront of a best-practice approach to communicating with all key stakeholder groups.”